SkyWest, Inc. (NASDAQ:SKYW) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 8,402.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,891 shares of the transportation company’s stock after buying an additional 2,857 shares during the period. International Assets Investment Management LLC’s holdings in SkyWest were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in shares of SkyWest by 2.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,252,410 shares of the transportation company’s stock worth $184,855,000 after buying an additional 51,180 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of SkyWest by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 1,151,578 shares of the transportation company’s stock worth $94,510,000 after buying an additional 165,670 shares during the last quarter. SW Investment Management LLC increased its holdings in shares of SkyWest by 13.2% during the 2nd quarter. SW Investment Management LLC now owns 600,000 shares of the transportation company’s stock worth $49,242,000 after buying an additional 70,000 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of SkyWest by 90.2% during the 2nd quarter. Victory Capital Management Inc. now owns 551,060 shares of the transportation company’s stock worth $45,225,000 after buying an additional 261,349 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of SkyWest by 27.7% during the 2nd quarter. Millennium Management LLC now owns 445,990 shares of the transportation company’s stock worth $36,602,000 after buying an additional 96,830 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Stock Performance

NASDAQ:SKYW opened at $112.42 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.74 and a current ratio of 0.86. The stock has a market capitalization of $4.53 billion, a P/E ratio of 19.22 and a beta of 1.93. The company has a 50 day moving average price of $86.64 and a 200 day moving average price of $80.67. SkyWest, Inc. has a fifty-two week low of $41.96 and a fifty-two week high of $113.62.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The firm had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. During the same quarter last year, the company posted $0.55 EPS. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. Equities research analysts forecast that SkyWest, Inc. will post 7.06 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Raymond James raised their price target on shares of SkyWest from $100.00 to $114.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen increased their price objective on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, SkyWest presently has an average rating of “Moderate Buy” and a consensus target price of $101.33.

SkyWest Profile

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.